Has anyone sold their property privately?
What are the pro's and con's of selling privately with no estate agent involved?
Asked on Jun 22 2009,
Selling in Gillingham |
There is huge debate about whether it ever pays off. You might avoid a few thousand £'s of agent commissions, but lose more thousands in what they might do to drive the price up by knowing (or attracting) more buyers than you can ever hope to privately.
Never rule it out - but there's plenty of evidence that the annoying stuff you have to get through (HIPs, etc) can be more profitably done with an agent rather than going solo. If marketing and negotiation (and showing people round) are things you love doing then go for it. If you think that it's worth outsourcing this stuff then agents are the answer. I've always found that it makes sense to get an expert onto it because I'm crap at it - plus it feels like it makes more money doing it the easy way.
Answered on Jun 24 2009,
I sold my last home privately, you need to be in a area where property is in demand or it will be like flogging a dead horse.
Answered on Jul 2 2009,
Hi I live in Scotland and sold my house a few years ago. I did away with estate agents fees by putting an ad in the paper. Estate agents fee were the largest costs for them doing nothing, I felt. In Scotland we still have to go to a solicitor to complete the sale but it did save a lot of money.
Hope this helps you
Answered on Jul 31 2009,
Have bought and sold 12 properties. Have never found and EXPERT within an ESTATE AGENCY yet.
Despite having engaged Estate Agents in every transaction for considerable sums up to 2.5%
None would have sold within a sensible timeframe, without our own personal marketing input.
I'm currently in the course of buying--------you would not believe the number of Estate agents who send details without room dimensions, let alone the square area involved----Actually admitting during subsequent telephone conversations that "they haven't been taken" or by implication, likely to be-----How they term themselves Professional beggars belief.
Answered on Sep 2 2009,
Hardest part will be finding a decent agent. I'd go with a local independent firm and negotiate that you can sell your property privately at the same time as they do. If you find a buyer, you don't pay them a fee.
Problem will be getting enough interest privately. I did a test between private advertising and just Rightmove alone and I didn't get a single enquiry from Tepilo etc. but had 8 viewings and got full asking for the property by what we normally do. Good luck whichever you choose.
Web reference: http://www.mrgreenhomes.co.uk
Answered on Jun 18 2010,
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